NMEDD Press Releases

Santa Teresa, N.M. - Today, Governor Susana Martinez announced that Valley Cold Storage & Transportation will expand operations and create up to 10 new jobs in three years, bringing their total headcount in Doña Ana County to 24. The company also plans to invest more than $16.5 million in expanding their Santa Teresa Industrial Park facility. This expansion is being supported by New Mexico's closing fund, LEDA.

Santa Fe, N.M. - Today, the New Mexico Economic Development Department announced $500,000 for revitalization projects in six New Mexico MainStreet communities: Corrales, Deming, Las Vegas, Silver City, South Valley - Bernalillo County, and Tucumcari. The projects seek to make public infrastructure improvements that grow visitor and retail traffic in MainStreet districts.

Farmington, N.M. – Today, Governor Susana Martinez announced homegrown manufacturing company, PESCO, will expand operations and create up to 180 new jobs bringing their total headcount in San Juan County to over 550. The company also plans to invest more than $7.5 million in expanding their main facility by 20,000 square feet. This expansion is being supported by New Mexico's closing fund, LEDA.

Church Rock, N.M. – Today, Governor Susana Martinez announced that the Korean nitrile glove manufacturing company, Rhino Health, will expand to Church Rock on the Navajo Nation Indian Reservation and create up to 350 new jobs. Rhino Health LLC is a US-based company with a global management team from a leading Korean rubber conglomerate, Jungwoo Rubber & Plastic. The company also plans to invest more than $49 million in their new 124,000 square foot manufacturing facility and warehouse. This international recruitment is supported by New Mexico's closing fund, LEDA.

Las Cruces, N.M. – Today, Governor Susana Martinez announced that international industrial & manufacturing company, Admiral Cable, will expand to Santa Teresa and create up to 342 new manufacturing jobs. Admiral Cable’s backers, founders and leaders represent an elite group of Taiwanese industrial/manufacturing entrepreneurs and investors. The company also plans to invest approximately $50 million in building a new 65,000 square foot facility in phase one, with additional construction bringing the total plant to nearly 175,000 square feet. This international recruitment is supported by New Mexico's closing fund, LEDA.

Santa Fe, N.M. - Today, Governor Susana Martinez announced that eleven New Mexico companies will receive Innovation Voucher Grants to help their businesses grow by covering eligible expenses such as rent at a state certified incubator. The Innovation Voucher program, launched by Governor Martinez, is designed to enable early-stage science and technology companies to overcome business development barriers by providing small amounts of funding at critical moments during company growth.

Santa Fe, N.M. - The New Mexico Arts Commission considered formal requests from the state's Arts & Cultural Districts Program at its November meeting. The commission voted unanimously to approve the City of Las Cruces as the first ever State-Authorized municipally-designated Arts & Cultural District, the expansion of the Creative District in Los Alamos to encompass two Arts & Cultural Institutions, and the consolidation of the Silver City Arts & Cultural District under Silver City MainStreet.

Sunland Park, N.M. – Today, Economic Development Secretary Matt Geisel was joined by Stampede Meat executives and local officials for the ribbon-cutting ceremony on the company’s modern manufacturing facility. Stampede Meat received thousands of applications during the initial hiring phase that started in October 2018. When the facility opens, they will have over 300 employees. As the construction progresses throughout the first quarter of 2019 new positions will become available. By the year 2024, Stampede Meat will have a workforce of nearly 1,300 employees.

Bernalillo, N.M. – Today, Economic Development Secretary Matt Geisel announced that structural steel fabrication and manufacturing firm amfabsteel Inc. will expand operations in Bernalillo and create up to 80 new skilled manufacturing jobs. The company also plans to invest more than $8 million for the expansion over three years. The expansion is being supported by New Mexico's closing fund, LEDA, as well as the Job Training Incentive Program, JTIP.

Santa Fe, N.M. – Today, Governor Susana Martinez announced that six New Mexico companies will receive New Mexico Small Business Innovation Research (NMSBIR) Matching Grants to help their businesses grow. The NMSBIR program, launched by Governor Martinez, is designed to support science and technology companies by assisting businesses in achieving development and commercialization goals.